• Clean TeQ Water awarded US$12.5M (~A$19.2M) contract by Rio Tinto for Rincon Lithium Project in Argentina
• Contract involves engineering design, procurement and supply of a lithium concentrate softening plant using Clean TeQ's CLEAN-IX® Moving Bed Ion Exchange (MBIX) technology
• This is one of the largest contracts in Clean TeQ's history and its first major project in South America

Clean TeQ Water Limited (ASX: CNQ) has been awarded a US$12.5 million (~A$19.2 million) contract by Rigi - Rincon Mining Pty Limited (wholly owned subsidiary of Rio Tinto Ltd) for the Rincon Lithium Project in Salta Province, Argentina. This award marks a strategic achievement for Clean TeQ, being one of the largest contracts in the Company's history and its first major project in South America. It firmly positions Clean TeQ as a global player in the lithium refining and direct lithium extraction (DLE) sectors. The project involves the engineering design, procurement and supply of a lithium concentrate softening plant using Clean TeQ's proprietary CLEAN-IX® Moving Bed Ion Exchange (MBIX) technology. Delivery will occur over a staged, 3-year schedule, consistent with large-scale industrial installations. The contract is based on standard design and supply terms, with a commercially balanced termination for convenience clause requiring at least fifteen working days' written notice. No other terms and conditions are considered unusual or material for a contract of this nature.

As lithium demand accelerates over the coming decades, Clean TeQ sees a significant global opportunity for its MBIX technology as a critical enabler of cost-effective, sustainable lithium production.